FILE PHOTO: The Shaw Communications logo is seen at the company's office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie/File Photo
(Reuters) -Canadian telecoms company Telus Corp and investment firm Globalive Capital Inc have entered into a spectrum and network sharing agreement to bid for Shaw Communications Inc's wireless business, the companies said on Thursday.
The agreement is conditional on Globalive's successful acquisition of Freedom mobile and does not involve financial investment from Telus. The sale of Shaw's wireless business, Freedom Mobile Inc, to a credible bidder is seen critical for Rogers Communications' to clinch its C$20 billion ($15.6 billion) bid for Shaw.
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